Canaccord Genuity Group Forecasts Strong Price Appreciation for Exchange Income (TSE:EIF) Stock

Exchange Income (TSE:EIF) had its price target raised by equities researchers at Canaccord Genuity Group from C$70.00 to C$72.00 in a report issued on Tuesday,BayStreet.CA reports. Canaccord Genuity Group’s price target indicates a potential upside of 28.39% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. Ventum Financial set a C$74.00 price target on Exchange Income and gave the company a “buy” rating in a research report on Tuesday, November 5th. CIBC upped their target price on Exchange Income from C$61.50 to C$62.50 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Ventum Cap Mkts raised Exchange Income to a “strong-buy” rating in a research report on Tuesday, November 5th. TD Securities decreased their target price on Exchange Income from C$69.00 to C$67.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Finally, National Bankshares upped their target price on Exchange Income from C$61.00 to C$68.00 in a research report on Monday. Seven analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$67.61.

Exchange Income Stock Performance

Exchange Income stock opened at C$56.08 on Tuesday. The firm has a market capitalization of C$2.66 billion, a P/E ratio of 23.17, a PEG ratio of 1.42 and a beta of 2.04. The stock has a fifty day moving average price of C$52.77 and a 200 day moving average price of C$48.76. Exchange Income has a 52 week low of C$43.08 and a 52 week high of C$57.69. The company has a current ratio of 1.77, a quick ratio of 1.13 and a debt-to-equity ratio of 171.03.

Exchange Income Company Profile

Exchange Income Corporation, together with its subsidiaries, engages in aerospace and aviation services and equipment, and manufacturing businesses worldwide. The company Aerospace & Aviation, and Manufacturing segments. The Aerospace & Aviation segment offers fixed wing and rotary wing, medevac, passenger, charter, freight, and auxiliary services; and operates two flight schools and trains pilots.